Should fund manager's own investment be criteria for potential investors?
Fund manager's investments in their own schemes is a good metric to look at, but it isn't the most important
When ace fund managers such as, Prashant Jain of HDFC Mutual Fund and S Naren, of ICICI Prudential Mutual Fund, invest significant amounts of their personal wealth in their own fund houses or schemes managed by them, should investors find more comfort in the fund house or scheme? Most market experts feel that it is an additional factor that one can look at because it shows the level of commitment that the fund manager has as far as his own fund house or scheme goes.
But can it be a deciding factor? The answer is a resounding no. Hemant Rustagi, CEO, WiseInvest Advisors says: ...
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First Published: Wed, August 24 2016. 14:18 IST